- Update
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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
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26 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Buy Papua New Guinea energy report
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After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).
Overview
This analysis includes a comprehensive Papua New Guinea energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Highlights
- In 2023, the fourth Medium Term Development Plan unveiled targets for 2027, such as a 57% share of renewables in the power mix.
- PNG committed to reach carbon neutrality by 2030 in the energy sector.
- PPL, the state-owned power utility, owns 440 MW of capacity, including 65% of hydro and geothermal.
- Oil Search and ExxonMobil dominate the oil and gas sector.
- PNG's power grid is fragmented and suffers from frequent outages.
- Oil and gas represent 64% of the power mix.
- Total energy consumption is predominantly made up of oil and biomass.
- The electrification rate is low.
- In 2022, ExxonMobil and partners agreed to develop the large P'nyang gas field.
- Two LNG liquefaction projects are planned.
- New hydropower projects may add significant capacity.
Institutions & Energy Policy
Papua New Guinea (PNG for short) occupies the eastern half of the island of New Guinea (the western part belongs to Indonesia).
The energy sector is under the control of the Department of Petroleum and Energy (DPE), through two main divisions: Petroleum Division (oil and gas) and Energy Division (electricity and renewables).
Energy Companies
Electricity:
PPL, PNG Power Limited, is the integrated state-owned power company.
Energy Supply
Resources:
The country has large gas reserves: proven reserves are estimated at 204 bcm (end of 2022). Proven oil reserves are 18.5 Mt. The country also has a strong geothermal potential, estimated at between 3-4 GW. The solar potential is large (about 2 500 hours of sunshine per year in Port Moresby).
Energy Consumption
Total energy consumption per capita reached 0.52 toe in 2022. Electricity consumption per capita is around 450 kWh.
Total energy consumption has increased at around 3.5%/year since 2010 and reached 5.2 Mtoe in 2022.
Energy consumption is mainly covered by oil (39%) and biomass (36%). Gas and primary electricity cover the remainder (17% and 9%, respectively).
Issues & Prospects
In the APEC 8th edition of Energy Demand and Supply Outlook report (2022), primary energy demand is projected to increase by 2.5%/year to 6.5 Mtoe in 2050 (reference scenario).
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed Electric Capacity by Source (2022, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2022, %)
- GRAPH 5: Consumption trends by energy source (Mtoe)
- GRAPH 6: Total consumption market share by energy (2022, %)
- GRAPH 7: Final consumption market share by sector (2022, %)
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
- Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.
The Papua New Guinea energy market data since 1990 and up to
is included in the Excel file accompanying the Papua New Guinea country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Papua New Guinea Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Papua New Guinea energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).